China Announces New Tariff Exemptions for US Chemical, Oil Products

China Announces New Tariff Exemptions for US Chemical, Oil Products
U.S. President Donald Trump and China's leader Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China on Nov. 9, 2017. Damir Sagolj/Reuters
Reuters
Updated:

SINGAPORE/BEIJING—China on Dec. 19 unveiled a new list of import tariff exemptions for six chemical and oil products from the United States, days after the world’s two largest economies announced a Phase One trade deal.

The exemptions will be for one year from Dec. 26, the Finance Ministry said, without providing a value for the imports excluded from duties.